SentinelOne (NYSE:S) Price Target Lowered to $20.00 at Wedbush

SentinelOne (NYSE:S) had its target price lowered by stock analysts at Wedbush from $23.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 17.99% from the stock’s current price.

A number of other analysts also recently commented on the company. UBS Group increased their price target on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Westpark Capital restated a “buy” rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Friday, August 29th. JMP Securities set a $23.00 target price on SentinelOne in a research note on Friday. Needham & Company LLC cut their price target on shares of SentinelOne from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald decreased their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.00.

SentinelOne Price Performance

S opened at $16.95 on Friday. SentinelOne has a fifty-two week low of $15.17 and a fifty-two week high of $26.64. The firm has a market capitalization of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76. The company’s 50-day moving average is $17.00 and its 200 day moving average is $17.71.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the prior year, the firm posted ($0.25) EPS. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 8,508 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $159,014.52. Following the completion of the transaction, the chief accounting officer directly owned 297,536 shares of the company’s stock, valued at approximately $5,560,947.84. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 11,098 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $207,421.62. Following the sale, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. The trade was a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

Large investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC grew its position in shares of SentinelOne by 2.5% in the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock valued at $470,000 after purchasing an additional 641 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in SentinelOne by 25.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after purchasing an additional 692 shares during the period. Allworth Financial LP grew its holdings in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares in the last quarter. Mission Creek Capital Partners Inc. grew its holdings in SentinelOne by 1.7% during the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock valued at $840,000 after buying an additional 760 shares in the last quarter. Finally, Main Management ETF Advisors LLC increased its position in shares of SentinelOne by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after buying an additional 768 shares during the period. 90.87% of the stock is owned by institutional investors.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.